Table 18-B Consider the Following Daily Production Data for MadeFromScratch, Inc. MadeFromScratch

question 71

Multiple Choice

Table 18-B
Consider the following daily production data for MadeFromScratch, Inc. MadeFromScratch sells cupcakes for $3 each and pays the workers a wage of $325 per day.
-Refer to Table 18-11. Assuming MadeFromScratch is a competitive, profit-maximizing firm, how many workers will the firm hire?

• A)2 workers
• B)3 workers
• C)4 workers
• D)5 workers

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Definitions:

Profitable

The state of yielding financial gain or benefit, where the income generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Personal Care Products

Consumer products used for personal hygiene and for beautification, such as cosmetics, soaps, lotions, and dental care items.

Communicating

The process of sharing or exchanging information, thoughts, or messages through speech, writing, or other mediums.

War Zone

A region where armed conflict is occurring, often characterized by violence, instability, and danger to civilians and combatants.